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Tue, Jun 21 2016

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RBS planning to cut 900 jobs to reduce costs: sources

LONDON Royal Bank of Scotland is planning to cut about 900 jobs in Britain, sources familiar with the process said, taking the total number of layoffs in the last four months to around 5 percent of the bank's British workforce.

RBS planning to cut 900 jobs to reduce costs - sources

LONDON, June 21 State-backed Royal Bank of Scotland is planning to axe about 900 UK jobs, sources familiar with the process told Reuters, taking the total number of layoffs to around 5 percent of its British workforce in the last four months.

Businessman sues RBS for $184 million over alleged conspiracy

LONDON The former CEO of a software company is suing RBS for allegedly conspiring to push the business into administration to benefit from its sale, court filings show, in the latest case to allege misconduct by the bank's restructuring division.

Businessman sues RBS for $184 mln over alleged conspiracy

LONDON, June 11 The former CEO of a software company is suing RBS for allegedly conspiring to push the business into administration to benefit from its sale, court filings show, in the latest case to allege misconduct by the bank's restructuring division.

Russian businesman Kim agrees with RBS to buy Kazakh business

MOSCOW, June 8 Igor Kim, a Russian businessman who co-owns mid-sized Expobank, has signed an agreement to buy the Kazakh business of British bank RBS, a spokesperson for Kim said on Wednesday.

CORRECTED-MOVES-RBS loans head Rome swaps banking for law firm

LONDON, June 3 (IFR) - Dave Rome, head of loan markets for the EMEA region at RBS, has joined Ashurst as the law firm's strategic director for corporate lending.

UPDATE 1-Scottish prosecutors drop RBS rights issue case

LONDON, May 12 Scotland's public prosecutor said on Thursday there was insufficient evidence to prosecute Royal Bank of Scotland or its directors over a 12 billion pound cash call on the eve of its near-collapse in 2008.

Scottish prosecutors say no criminal case against RBS over rights issue

LONDON, May 12 Scotland's Crown Office said on Thursday there was insufficient evidence of criminal conduct to prosecute Royal Bank of Scotland or its directors over the bank's 2008 rights issue.

RBS investors want review of EU imposed Williams & Glyn sale

LONDON, May 10 Investors in state-backed Royal Bank of Scotland want the British government to intervene in the bank's seven-year struggle to sell a small business lender to meet European Union demands, which they say clash with UK taxpayers' interests.

RBS says preparing for Brexit uncertainty, eyes further cost cuts

EDINBURGH, May 4 Royal Bank of Scotland Chairman Howard Davies said the state-backed lender was preparing as best it can for a potential phase of economic instability following a referendum on Britain's membership of the European Union.

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